CHARITY REGISTRATION NUMBER: SC047565 RIVERSIDE CHRISTIAN CHURCH UNAUDITED FINANCIAL STATEMENTS 31 OCTOBER 2024 RITSONS Chartered accountants 26-30 Marine Place Buckle Moray AB56 1 UT RIVERSIDE CHRISTIAN CHURCH FINANCIAL STATEMENTS YEAR ENDED 31 OCTOBER 2024 PAGE Trustees, annual report Independent examinerfs report to the trustees Statement of financial activities Statement of financial position Notes to the financial statements The following pages do not fomi part of th• financial stst8m•nts Detailed statement of financial activities 15 Notes to the detailed statement of financial activities 17 RIVERSIDE CHRISTIAN CHURCH TRUSTEES. ANNUAL REPORT YEAR ENDED 31 OCTOBER 2024 The trustee$ present their report and the unaudited financL41 statements of the charity for the year ended 31 October 2024 REFERENCE AND ADMINISTRATIVE DETAILS R•gl8tor•d charlty nam• RNerside Christian Church Charlty v•gl•tratlon nurnber SC047565 Prlnclpal offlce 24 East Church Streel Buckle A856 1AE Moray THE TRUSTEES Ind?pendent •xamln•r STRUCTURE, GOVERNANCE AND MANAGEMENT Con•lltutlon The constitution of Rwerside Christian Church has rernained unchanged In the lasl year wllh last revision dated 5th July 2017. This was ratrfied by OSCR and approved by Ghurch Members Yt the AGM 15th November 2017. A new con31ilution lo allow the application for SCIO IS¢ottish Charitabl• Incorporat•d Or9ani$alionl was pul forward to OSCR and the Church end approved by both. Tru•t•• r•crultrn•nt and appolnlmgnt Trustees are members of the Church and are appointed by Riverside Christian Church members at the AGM. and remain as 5u¢h unlil the stand down, Dr the n￿rnber$ appoint replacements. The trustees meet on a regular basis to oversee finances aThY assets ol Riverside Chrislian ChurGh. Al the AGM iii AJI 1 21.-,24 Trustees and Trustee 8t the en and .erb rrhnArdrnd as having stood down as rgsigned h•r position as verc arpcithtcd o ill hoaAh. ep RIVERSIDE CHRISTIAN CHURCH TRUSTEES, ANNUAL REPORTi¢oniinu•d) YEAR ENDED 31 OCTOBER 2024 OWECTIVES AND ACTIVITIES Charltabl• purp￿•1 The Church has the following Charilable objectives. The advancement of our Chn$ban beliets by'.- Holding regular meetings with the purpose of sharing Gods word and in a tsme of Worship. Having regular meetings focused on Prayer. Holding regular Children's events, known as 'Fuel Fridays,. For secondary school age holding events. known as 'Upper Room,. Meeting with our AOG partner churches in 'Area Days, Through eommunity engagement with events such a$ Coffee Mornings, Soup and Sweets, and being open during the towns 'Chfislmas Crackerf event. Through community outreach wilh the work ol the 'Life Challenge Outrea¢h' bus. The prevention or rolief of povety by'.- Supporting local food bank Initiatives. Supporting individuals directly who we kn¢)w are in need. Diro¢ling people to available support services within our aroa. RIVERSIDE CHRISTIAN CHURCH TRUSTEES, ANNUAL REPORT {C*)naTn YEAR ENDED 31 OCTOBER 2024 ACHIEVEMENTS AND PERFORMANCE The Church continues lo operate as part of AOG Great Britsin where each frllowship operaies autonomously within the 9uidelines of the rnovement. As the finanGial sectson shows, the Church remains in a heathy condition desprte only being a small fellowship. Progress has been made since Ihe begInn￿g of 2024 for the Church lo become a Scottish Charitable Incorporated Organisalion SCIO under the provisions of OSCR. The Church has registered a new charity. Victory Church. Buckle SC053587. which wll lake over all of Riverside Chrisitsn Church's assets and activities. Riverside Chrisitan Church SC047565 will be closed at the end of the accounting year and the Church wll officially be kr￿n as Vi¢tory Church. Buckle from 1 st November 2024. We contsnue ts hold the followlng meetiros. Sunday momin9 bible teaching and worship. Sunday moming 'Fuel Kids,. Prayèr meeb'ngs. Ladies crafting group Life group & bible study. Prirnary age children 'Fuel Fridays.. Secondary age children 'Upper Room.. Fuel Fridays has seen a regular attendance of aroun¢J 60 chil(Jren where a lime of free play with Grafts, activities, games and healthy snacks i8 followed by a bIt￿e stLKy and Some worship songs. Upper Room has provided a safe place for teenagers to mèet share food togother, make connections with the church and hear testimonies and leam mora about God. Our work for the prevenb.on of p)verty has been limited somewhat by aVaila￿e volunteers in this ￿st year. We have howevef made finan¢ia' donations lo the work of the Buckle & Findochty Salvath'on Army food bank and share their w￿k on s￿1?1 media. The Life Challenge Outreach bus Is (pen every Fnday aftwnoon from 1.30 to 4.30pm givirwj people in need and people with addictions the offer of the help trey need ancj ointing thern towards available resources wilhin the a￿a. This outreach is heade(l up by rom Portgordon Community ChurGh and sUPPQrted by volunteers from the Church and Conrrunity Upon agreement of Leaders and Trustees Bus wa$ grfted to Portgordtsn Community Chur¢h who set up a new Charty in the name of Moray Life Challenge Outrexh to continua tho work. Monies left In the Lrfe Challenge account wore also transfgrrod to thè rew charity We have held a nurnber of lunches after Sunday morning seNces wh￿h is free and available lo all who attend. For the third year we hel¢J a Cnurch Picnic in summer. this time in June at the start of the SGhool Holidays, wh￿￿ is open to all. ai the Lbndsay Gordon Park In BuGkie. We have use¢J the facilities of the Buckle Cricket Pa¥ilion and provided a fun afternoon of games and snaGk3 for 811 attending. RIVERSIDE CHRISTIAN CHURCH TRUSTEES, ANNUAL REPORT {conllnu•dJ YEAR ENDED 31 OCTOBER 2024 FINANCIAL REVIEW Stat8m¢nt of th& charlty'• pollcy on ro80ry rhe polity of the tnjslees is lo reta"n 3 months of Ihe normal wnning costs ol the Church. In order lo maintain the on-90￿g work of the Church. A copy of the church arKounts are enclosed. PLANS FOR FUTURE PERIODS The Iruslees are committed to the ¢￿901Tha growth of the Church as we reach out to those In the community around us and encourage and equip those already invo￿81. The buildirKJ is in need of some general repairs and upgra(1es, these will be looked al and costed in the next rinancial year. The trustees. annual report was approved on trustees by. . and signed on behalf ol the board of RIVERSIDE CHRISTIAN CHURCH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RIVERSIDE CHRISTIAN CHURCH YEAR ENDED 31 OCTOBER 2024 I report on ttre financigl stat8Th￿ntS for the year ended 31 October 2024. which ecmprise trte statement of financial activities. slalement of financial position and the reL2ted notes. RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER The charity'5 trustee5 are re5ponsit4e lor the preparaliun of the ￿COUnt$ in aCCord￿ce wllh the terms of the Charities and Trustee Investment (Scotlandl Act 2Ch)5 and the Charil*s Accounts IScoUand} RegLtlalions 2006. The charity IrLlStees consider that the audit requirtrr*nt ol Re9ulalion 1011 Ila) to (¢1 of the 2006 Accounts Re9ul8tions d¢X*S not apply. It is my responsibility to examine the accounts as required under section 441111¢) of tho M and to state vthether particular matters have corné to my 9ttontion BASIS OF INDEPENDENT EXAMINER'S REPORT My examination IS ¢arned out In accordance with Regulation 11 of the 21)J6 A¢c¢unls Regulations. An éxamination Includes a review ol the accounting rewrds kept by the ¢harity and a comparison of the accounis presenied with th058 reccxos. It also Include5 consioleration of any unusual iiems or disclosures Sn the accounts, and seeks explanall.ons trom the Irusiees concernlng any such matters. The procedures uThJertaken ¢0 nol provide all Ihe evidence Ihal would be required in an audit and Gonjequenlly I do rK*t express an audit opinion on the vithv given by the Kcounts. INDEPENDENT EXAMINER'S STATEMETrir In connection wilh my examinabon. no matter has coTht to my attention.. {11 which gNe$ me rea￿nable cause to beI￿ve that in arby material respect the requirements.. lo keep accouniing records In ac¢ordan¢X with section 44(IXal of the 2005 Act and Regulation 4 af the 2006 A(xounls Regulations, and to prepore accounts vknich accord with the accounting record8 and comply with ReguL8lion 8 01 th8 2006 A¢counts Regulations have not been m&1, or 12110 which, in my opini¢n. attenb'on should be drawn In order to enab￿ a proper understanding of tha accounts lo be reached RIVERSIDE CHRISTIAN CHURCH STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 OCTOBER 2024 2024 Restncted fvnds Total fund• Total funds 2023 UnTrstrieled fvnds Incomo and •ndowm•nts Donations and legacies Other trading activities Investment income Other income 30.834 20 203 5,932 10,976 41,810 20 203 5.932 37,707 741 22 736 Total Incom8 36,989 10.976 47.965 39,206 Expendlturg Expenditure on Charitable a¢livilies Total expendlturn 30,113 8,227 38.340 17,961 30,113 8,227 38,340 17,961 Not Incorn• and n•t rnov•m•nt In fund• 6.878 2.749 9,625 21,245 Reconclllatlon of lunds Total funds brought forward Total fundo c•rrl•d forward 86,337 4,976 71,313 50.068 73,213 7,725 80,938 71.313 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from contsnuing activities. Th• notss on pag•8 8 to 13 forn) part of the￿ fin•n¢l*l •l•tsm*nl•. RIVERSIDE CHRISTIAN CHURCH STATEMENT OF FINANCIAL POSITION 31 OCTOBER 2024 2024 2023 Not• FIXED ASSETS Tangible fixed assets 12 2,463 2,463 CURRENT ASSETS Debtors Cash al bank and in hand 13 46,492 32,533 41,187 28,213 79.025 69,4CQ CREDITORS: amounts falllng due wlthln ono year NET CURRENT ASSETS 14 550 59) 78,475 88,850 TOTAL ASSEfs LESS CURRENT LIABIL￿lEs 80,938 80,93e 71,313 71,313 NET ASSETS FUNDS OF THE CHARITY Restricted funds Unrestricted funas 7,725 73,213 4,976 66,337 TOL91 charlty fund• 15 80,938 71,313 ese financial statements were approved by the board of trustees and authonsod for issue on and are signed on be￿alf of the trKJard by.. Th• nots• on p•9•8 8 to 13 ft*rni of th••e finan¢Sal •tatem•iii•. RIVERSIDE CHRISTIAN CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 OCTOBER 2024 GENERAL INFORMATION The charity is a public benefit entity and a registered charity in Scotland and is unincorporated. The address of the principal office is 24 East Church st￿t, 8uckie, AB56 1AE, Moray. STATEMENT OF COMPLIANCE These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in Ihe UK and the Republic of Ireland,, the Statement of Recommended Praclice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charities SORP IFRS 10211 and the Charities and Trustee Investment {Scollandl Act 2005 and the Charity Accounts IS¢otlandl Regulations 2006 las amendedl. ACCOUNTING POLICIES B••l• of prep•rntlon The financial State￿nts havè been prepared on the historical cost basis, 4$ modified by the revaluation of certain financial assets and liabilitie$ and investment properties measured al fair value through Income or expenditure. The financial statements are prepared in $terling. which is the fvnclional currency of the entity. Golng ¢on¢•m There are no material uncertainties about the chanty's ability lo continue. Fund accountlng Un￿strICted lunds are available for use at the discretson of the tnjslees to fvrther any of the charity's purposes. Designated funds art unro$trKted frJnd$ eamiafked by the Iruslees lor particular fvture project or commiknenl. Reslrieted funds are subjected to restrictions on Iheif expenditure declared by the donor or through the terms ol an appeal, and fall into one of $ubtlnuedJ YEAR ENDED 31 OCTOBER 2024 ACCOUNTING POLICIES iconilnu•dJ T•nglble assets fconllnu•dJ An increase in the carrying arrK)unl of an asset as a result of a revaluatson. is rKognised in other recognised gains and losses, unless il reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A deerease In the carrying amount of an asset as a result ol revaluation, is recognised in other recognised gains and losses, ex¢epl lo which It offsets any previous revaluation gain. in which case the loss is shown within other recognised gains and losses on the Stalernenl of financial aclivitres. Impalrn)ent of Ilxed ••••t• A review for indicators of impaimient is carned out at each ￿porting dale. with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset Is Impaired accordingly. Piior impairmenls are also reviewed for possible reversal al each reportin9 date. For the purposes ol impairment testing. when it is rtot possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the ash-generating unrt to which the asset belongs. The ¢ash-generab'ng unit is tho $malle$l identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from olhef assets or groups of assets. For impairment lesling ol goodwill, the goodwill acquired in a business combination is, from the acquisition dale. allocated to each of the cash-genefaling units that are expectèd to benefit from the synergies of the combinabon. Irrespective ol whether other assets or liabilities of the charity are assigned lo those units. DONATIONS AND LEGACIES Unrestricted Funds Restricted Total Funds Funds 2024 DONATIONS Tithes Offerin98 Other donations Gift aid lax recovered 10.496 10.027 5.862 4.449 10.496 10,027 11,878 4,449 6.016 GRANTS Tsimoray Grant 4.960 4,960 41,810 30.834 10.976 Unrestricted Funds Reslricled Totsl Funds Funds 2023 DONATIONS Tithes Offerings Other donations Gift aid tax recovered 15,153 11,284 2.093 4,875 15.153 11.284 6,395 4.875 4,302 10 RIVERSIDE CHRISTIAN CHURCH NOTES TO THE FINANCIAL STATEMENTS (conllnu8dJ YEAR ENDED 31 OCTOBER 2024 DONATIONS AND LEGACIES {conllnu•dJ Unrestricted Funds Restricted Total Fund5 Funds 2023 GRANTS Tsimoray Grant 33.405 4,302 37,707 OTHER TRADING ACTIVITIES Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Fundraising events Roofn hire 641 100 641 100 20 20 20 20 741 741 INVESTMENT INCOME Unrestricted Total Funds Unrestricted Totsl Funds Funds 2024 Funds 2023 Bank interest receivable 203 203 22 22 OTHER INCOME Unrestricted Tolal Funds Unrestricted Total Funds Funds 2024 Funds 2023 Other income 5,932 5,932 736 736 EXPENDITURE ON CHARITABLE ACTIVITIES BY ACTIVITY TYPE Activities undertaken directly Support Totsl funds costs 2024 Total fund 2023 Church Core aelivities Life Challenge activities GLOW activities Governance costs 29,292 4.375 3.852 29,292 4,375 3.852 821 13,398 2,545 1,356 662 821 37,519 821 38,340 17,961 INDEPENDENT EXAMINATION FEES 2024 2023 Fee5 payable lo the independent examiner for.. Independent examination of the financial statements 821 664 11 RIVERSIDE CHRISTIAN CHURCH NOTES TO THE FINANCIAL STATEMENTS (eonrfnu YEAR ENDED 31 OCTOBER 2024 10. STAFF COSTS The total staff costs and employee beneffts for the reporting period are anafysed as follows.. 2024 2023 Wages and salanes 595 The average head count of employees during the year was 112023.. Nil}. No employee received employee benefits of more than £60,000 during Ihe year {2023.' Nill. 11. TRUSTEE REMUNERATION AND EXPENSES No remuneration or other benefits from ernployment with the charity or a related entity were received by the Iruslees other than noted in staff costs in relab.on to Pastoral costs. 12. TANGIBLE FIXED ASSETS Freehold property Cost At 1 Novernber 2023 and 31 October 2024 2.463 Depreciation At 1 November 2023 and 31 October 2024 Carrying amount At 31 October 2024 2,463 At 31 October 2023 2,463 13. DEBTORS 2024 2023 Other debtors 46.492 41,187 14. CREDITORS: amounts fallin9 du? within one year 2024 2023 Accruals and deferred income 550 550 12 RIVERSIDE CHRISTIAN CHURCH NOTES TO THE FINANCIAL STATEMENTS [¢t￿lIn￿Od) YEAR ENDED 31 OCTOBER 2024 15. ANALYSIS OF CHARITABLE FUNDS Unrestrlcted funds At 1 November 2023 At 31 Octob8r 2 024 Income Expenditure General funds 66,337 36.989 130,1131 73,213 Al 1 November 2022 Al 31 October 2 023 Income Expendrture General funds 45,494 34,904 {14.C61} 66.337 Restricted funds Al 1 November 2023 At 31 October 2 024 Income Expendrf(ure Life Challenge TO GLOW 2.928 1.700 348 1,330 14,3751 1117} 1,700 6.142 9.646 13.8521 18.2271 4.976 10,976 7.725 At 1 November 2022 At 31 October 2 023 Income Expenditure Life Challenge TO GLOW 1.972 1,700 902 3.500 12,5441 2,928 1.700 348 802 11,3561 4.574 4.302 13,9001 4,976 The purposes of the restricted funds are as follows.. Life Challenge - funds towards the running of the Lrfe Challenge 8us to support indNiduals with addiction problems and general benevolence. GLOW- funds to support the Children & Youth Sunday School. TOTh- funds lo support ministry expenses. 13